Warner Bros. Discourages Shareholders from Accepting Paramount's Takeover Offer
TL;DR Summary
Warner Bros. Discovery's board unanimously recommends rejecting Paramount's hostile $30-per-share bid in favor of a superior proposal from Netflix, citing better value and certainty, with a shareholder vote expected in spring or early summer.
- WBD board tells shareholders to reject Paramount Skydance's takeover offer, saying 'value is inadequate' CNBC
- Warner Bros. Says Ellisons ‘Misled’ Shareholders in Takeover Bid The New York Times
- Warner Bros. board tells shareholders to reject Paramount offer in favor of Netflix ABC News
- Kushner firm drops out of Paramount’s hostile $108B Warner Bros. Discovery bid Fox Business
- Warner Bros. Discovery recommends investors reject Paramount's hostile takeover bid NBC News
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